Bloomberg's Utility Bond Changes Hurt Consumers, Suit Says <https://www.law360.com/capitalmarkets/articles/1845869?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-11&read_main=1&nlsidx=0&nlaidx=10>
By Sydney Price Bloomberg LP was hit with a proposed class action by California and Texas electricity customers who claim the company reclassified certain bonds issued by utility companies to elevate their perceived risk and hike interest rates, a move they say benefited institutional investors but imposed increased costs on electricity customers. Complaint attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1845869?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-11&read_more=1&nlsidx=0&nlaidx=10> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1845869?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-11&read_later=1&nlsidx=0&nlaidx=10>
